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What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book value of equity of $3,000,000, and

What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book value of equity of $3,000,000, and a market-to-book ratio of 3?

Multiple Choice

  • $90
  • $105
  • $10
  • $30

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